Analyst expresses concern over Apple's iPhone sales despite strong numbers in China.
Tech giants lobby against proposed competition law in India, warning of increased user costs.
Deep dives
Analyst's Neutral Rating on Apple Shares Based on Weak iPhone Numbers
An analyst from UBS, David Vote, gave Apple a neutral rating, citing weak iPhone numbers from counterpoint research as a reason for concern. Despite strong numbers from the China Academy of Information and Communications Technology showing a 52% increase in iPhone shipments in China, Vote expressed worries about pressure in major markets like the U.S. and China, with units declining in these regions.
Tech Giants Lobby Against India's Proposed Competition Law
A lobby group representing tech giants like Google, Amazon, and Apple have requested India to reconsider its proposed EU-like competition law. They argue that regulations against data use and preferential treatment could increase user costs. This move by India has raised concerns and discussions about the potential impact on big tech companies.
Apple Wins App Store Antitrust Suit in China, Introduces ID Cards to Apple Wallet in Japan
Apple successfully defended against an App Store antitrust suit in China, where a developer sought to challenge Apple's commission fees and payment mechanisms. Meanwhile, Apple is collaborating with Japanese digital agency to bring ID cards to Apple Wallet users in Japan, allowing over 100 million residents to access various services using their My Number card IDs, marking Japan as the first country outside the U.S. to deploy this feature.
- UBS Stays Neutral on Apple for Some Reason - US Lobby Group Opposes DMA-Type Legislation in India - Apple China Wins App Store Antitrust Case - Apple Wallet Will Support State Issued IDs in Japan in 2025 - YouTube App Stops Hijacking Apple TV Screen Saver - Apple TV+ Outs Trailer for “Camp Snoopy” Ahead on Mid-June Premier - Takes on Apple Vision Pro App “What If…?” - Hear Creative Strategies CEO Ben Bajarin on the first Episode of "The Mac Observer Show" - Check Out the Latest Checklist by SecureMac - online at checklist.libsyn.com - Catch Ken on Mastodon - @macosken@mastodon.social - Chat with us in Patreon for as little as $1 a month. Support the show at Patreon.com/macosken - Send me an email: info@macosken.com or call (716)780-4080!
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